Five of the actors sued Fox on Tuesday, asking a judge to rule their contracts on the Emmy-winning show are illegal and should be invalidated. O'Neill joined the case later in the week.

The lawsuit, which claimed the actors' contracts were illegal because they bound them to the show for more than seven years, will be dropped. Exact terms of the deal were not released.

"Modern Family," a popular comedy that airs on ABC, has won Emmy Awards for outstanding Comedy Series the past two years. Several of the stars, including Burrell, Bowen and Stonestreet have won individual Emmys for their work on the show.

The show was recently nominated for 14 Emmy Awards, the most of any sitcom.